FL ARCHIVED December 2017 | Page 66

Market Action Report December 2017 Agent Name

FORT City : Fort Lauderdale LAUDERDALE / FORT LAUDERDALE BEACH

Community Information | School District
Price Range : $ 1,000,000 and Up | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 2,195,000
0 %
10 %
Average List Price of all Current Listings
$ 3,237,233
2 %
4 %
December Median Sales Price
$ 1,478,750
-10%
1 %
-1%
-5%
$ 1,500,000
-2%
-3%
December Average Sales Price
$ 2,013,125
-7%
10 %
1 %
-1%
$ 1,954,460
-4%
-4%
Total Properties Currently for Sale ( Inventory )
578
1 %
2 %
December Number of Properties Sold
8
167 %
-76%
260
-20%
December Average Days on Market ( Solds )
191
-1%
-3%
0 %
9 %
166
-7%
-6%
Asking Price per Square Foot ( based on New Listings )
$ 623
-17%
-4%
-5%
-1%
$ 674
7 %
7 %
December Sold Price per Square Foot
$ 564
-16% 13 %
-4%
4 %
$ 539
0 %
-1%
December Month ' s Supply of Inventory
72.3 -62% -52% 321 % 221 %
63.3
181 %
181 %
December Sale Price vs List Price Ratio
84.1 % -8.8% -3.2% -4.6% -7.7%
90.6 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
50
December Property sales were 8 , down 75.8 % from 33 in
45
December of 2016 and 166.7 % higher than the 3 sales last month . December 2017 sales were at their lowest level
40
Property compared to Sales December of 2016 and 2015 . December YTD sales
50
35
December of 260 are Property running sales 20.5 % were behind 8 , down last year 75.8 ' s % year-to-date from 33 in sales of
45
30
December
327 . of 2016 and 166.7 % higher than the 3 sales last month . December 2017 sales were at their lowest level
40
25
Number of Properties Sold
3 Mo Avg
compared to December of 2016 and 2015 . December YTD sales
35
20
of 260 are running 20.5 % behind last year ' s year-to-date sales of
30
15
327 .
25
10
205
150
10
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
J
A
S O N D
5
15
16
17
Prices
0
The Median Sales Price in December was $ 1,478,750 , down 1.4 %
2,800J
F M A M J from $ 1,500,000 in December of 2016 and down 10.4 % from
15
$ 1,650,000 last month . The Average Sales Price in December
2,600
Prices was $ 2,013,125 , up 0.5 % from $ 2,002,348 in December of 2016
2,400
The and Median down 7.1 Sales % from Price $ 2,166,667 in December last was month $ 1,478,750 . December , down 2017 1.4 %
2,800 from $ 1,500,000 in December of 2016 and down 10.4 % from
2,200
ASP was at a mid range compared to December of 2016 and
$
2015 1,650,000 . last month . The Average Sales Price in December
2,600
2,000
J
Median Sales Price and Average Sales Price
A
S O N D
J
F M A M J
J
A
S O N D
J
F M A M J
16
17
Median Sales Price and Average Sales Price
J
A
3 Mo Avg
S O N D
3 Mo Avg
was $ 2,013,125 , up 0.5 % from $ 2,002,348 in December of 2016 and down 7.1 % from $ 2,166,667 last month . December 2017
ASP was at a mid range compared to December of 2016 and
2,400
1,800
2,200
1,600
2015 .
2,000
1,400
1,800 1,200 1,600 1,400
27 23
Inventory & MSI
The Total Inventory of Properties available for sale as of
December was 578 , up 0.7 % from 574 last month and up 1.9 %
1,200
700
Total Inventory & Month ' s Supply of Inventory ( MSI )
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
15
16
17
A S O N D
250.0
from 567 in December of last year . December 2017 Inventory
Inventory was at its highest & MSI level compared with December of 2016 and
The
2015 Total . Inventory of Properties available for sale as of
December was 578 , up 0.7 % from 574 last month and up 1.9 %
600
500
700
400
Total Inventory & Month ' s Supply of Inventory ( MSI )
200.0
150.0
250.0
from 567 in December of last year . December 2017 Inventory
600
300 was
A comparatively at its highest level lower compared MSI is more with beneficial December for of sellers 2016 while and a
500
200
2015 higher . MSI is better for buyers . The December 2017 MSI of 72.3
400
100 months was at its highest level compared with December of
100.0
200.0
50.0
150.0
2016 and 2015 .
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers . The December 2017 MSI of 72.3 months was at its highest level compared with December of 2016 and 2015 .
3000
200
100
0
J
F M A M J
15
J A S O N D J
F M A M J
16
J A S O N D J
F M A M J
17
J A S O N D
0.0
100.0
50.0
0.0
J
F M A M J
J A S O N D J
F M A M J
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : $ 1,000,000 and Up | Property Types : SFH - Con
15
16
J A S O N D J
F M A M J
17
J A S O N D
578 576
39
Title Phone Website Other
47 39 28 28 34 33
489 490 514 512 527 533 527 556 586 559
611
Number of Properties Sold
658 608 604 584 566 566 564 559 583 581 567 591 591 600 591 573 577 578 565 560 573 574 578
Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Association of REALT does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .
66 | coldwellbankerluxury . com
28 21 34 24 25 26 30 32 36 25
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
15
16
17
578
576
489 490 514 512 527 533 527 556 586 559
611
21 18 22 35 33
658 608 604 584 566 566 564 559 583 581 567 591 591 600 591 573 577 578 565 560 573 574 578
24 19 37 26 29 45 28 34 4
3 Mo Avg
3 3 8
27 23 39 47 39 28 28 34 33 28 21 34 24 25 26 30 32 36 25 21 18 22 35 33 24 19 37 26 29 45 28 34 4 3 3 8